by Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | May 30, 2022 | GST
The much awaited decision in the case of Ocena freight is pronounced by the Supreme Court much to the relief of the tax payers. Let us first understand how common sense has won the day in the matter and then the way forward for all concerned.Service availedShipping...
by Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | May 30, 2022 | GST
How GST on Free Supplies is Treated By Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | May 30, 2022 4.5 Minutes Read The term ‘Gift’ has nowhere been defined under GST law. So, we will look into the definition of ‘Gift’ in Gift Tax Act, 1958 which states...
by Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | May 20, 2022 | GST
Recovery of notice pay has become a bone of contention between the GST authorities and the industry and the litigation has its origins in the negative list regime of Service tax and has now crept into the GST. Let us examine the various enactments, which may enable us...
by Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | May 19, 2022 | GST
On April 15th, 2020, the government took a historic step towards its goal to get the entire Indian population insured. As a part of order No. 40–3/2020-DM-I (A) (Issued as consolidated revised guidelines...
by Adv Akella A S Prakasa Rao, B.E.(Hons), LLB | Apr 16, 2022 | GST
Under GST, many multilocational units are consolidating their operations and warehouses as the tax incidence for inter-state and intra-state being the same, but for the nomenclature as IGST or CGST+SGST. The other operational reasons may also influence the decision...
